“Chinese companies are quite competitive for iPhone assemblers. China has done quite well in almost everything, except for semiconductors,” Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” on Friday.
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So the stock was recorded to make a move after hours on Saturday, February 2.
Apple – Consumer technology stocks fell 4% in extended trade after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion in revenue. Analysts surveyed by Refinitiv expected $1.94 in earnings per share and $121.10 billion in revenue. Sales are down 5% year over year.
Amazon – Shares of the e-commerce giant fell more than 3% in extended trade despite beating revenue estimates for the fourth quarter. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported just three cents in earnings per share. Amazon shares gained more than 7% during regular trading hours, and the midpoint of the company’s first-quarter revenue guidance fell short of expectations.
Alphabet – Alphabet fell more than 5% in extended trade after parent company Google missed expectations on the top and bottom lines for the fourth quarter, according to analyst estimates from Refinitiv. Revenue from YouTube ads and Google Cloud offerings were both lower than analysts had expected. Alphabet stock closed up more than 7% in the previous trading session.
Qualcomm – Shares of the chipmaker dipped 1.5% in full trade after Qualcomm reported $2.37 in earnings per share for its fiscal first quarter. This was three cents better than estimates, according to Refinitiv. However, Qualcomm’s adjusted earnings came in at $9.46 billion, down from $9.60 billion.
Starbucks – Shares fell about 1% after the coffee shop chain missed expectations on both earnings-per-share and revenue in the fiscal first quarter. Starbucks reported 75 cents in earnings per share and $8.71 billion in revenue. Analysts polled by Refinitiv expected 77 cents per share and $8.78 billion. The company reported a 2% decline in comparable transactions year-on-year, due to weakness in China.
Ford – Shares of the automaker fell 6% in full trade after fourth-quarter earnings fell far short of expectations, despite better-than-expected revenue. CEO Jim Farley said the company “left about $2 billion in profits on the table” during the fiscal year.
Atlassian – Shares of Atlassian shed 12% after hours when the software company posted a loss for the latest quarter. On a GAAP basis, Atlassian reported an operating loss of $99.2 million for the quarter, compared to operating income of $23 million in the year-ago quarter. Revenue for the fiscal second quarter came in at $873 million compared to analyst estimates of $850 million, according to Refinitiv.
Skechers – Shares of the shoe company fell more than 2% in extended trade after Skechers provided soft guidance on earnings and revenue for the first quarter, as well as weak guidance for the full year. Skechers posted fourth-quarter earnings of 48 cents per share on revenue of $1.88 billion. Analysts were calling for earnings of 37 cents per share on revenue of $1.77 billion, according to Refinitiv.
Cirrus Logic – Shares of the semiconductor supplier fell 7% in extended trade after the company provided weak guidance for fiscal fourth-quarter revenue versus analyst estimates, according to Refinitiv. However, the company beat Street expectations, posting earnings of $2.40 per share, excluding items, on profit of $591 million.
Science of Gilead – Shares of the pharmaceutical company rose 4% after the strong bottom bell of the expected fourth quarter report. Gilead easily beat estimates for adjusted and per-share earnings and revenue, according to analysts polled by Refinitiv. The company also announced a 2.7% dividend increase.
Clorox – The cleaning products maker saw its shares rise 4% in after-hours trading. The company beat Wall Street expectations for its fiscal second quarter, posting earnings of 98 cents per share, excluding items, on revenue of $1.72 billion. That compares with earnings of 65 cents per share on revenue of $1.66 billion that analysts had expected, according to Refinitiv.
— CNBC’s Alex Harring, Darla Mercado and Christina Cheddar-Berk contributed to this report.